Russia Oil Prices Plunge to War Low Amid Sanctions and Market Shifts
Russia Oil Prices Hit Lowest Since War Began on Western Pressure, and this fact throws a spotlight on the effectiveness of the economic pressure being applied. It’s a significant development, especially when we consider the context of the ongoing conflict in Ukraine and the various sanctions imposed on Russia. We’re seeing Russian crude oil prices now trading at levels not seen since the beginning of the war, a stark indicator of the struggles faced by the nation’s oil industry. The discounts required to sell Russian oil have deepened, and this is a direct consequence of the sanctions and the overall market dynamics.… Continue reading